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Watts Water Technologies Announces Appointment of New Chief Financial Officer

Watts Water Technologies, Inc. (NYSE: WTS) announced today that Dean P.
Freeman has been appointed Executive Vice President and Chief Financial
Officer of the Company, effective as of November 12, 2012. William C.
McCartney, who announced his retirement earlier this year, will continue
in the role of Chief Financial Officer until November 12th to
oversee the preparation and filing of the Company's Quarterly Report on
Form 10-Q for the third quarter and to assist Mr. Freeman in preparing
for the transition to Chief Financial Officer of our Company.

Mr. Freeman previously served as Senior Vice President of Finance and
Treasurer of Flowserve Corporation from October 2009 to October 2011.
Also while at Flowserve, Mr. Freeman served as Vice President, Finance
and Chief Financial Officer of the Flowserve Pump Division from 2006 to
October 2009. Flowserve is a leading global provider of fluid motion and
control products and services, producing engineered and industrial
pumps, seals and valves as well as a range of related flow management
services. Prior to Flowserve, Mr. Freeman served as Chief Financial
Officer, Europe for The Stanley Works Corporation. Mr. Freeman also
served in financial executive and management roles of progressive
responsibility with United Technologies Corporation and SPX Corporation.

Mr. Freeman has an MBA from Rensselaer Polytechnic Institute and a
Bachelor of Science degree in Business Administration from the
University of Connecticut. He also served our country as a
non-commissioned infantry officer in the United States Army.

David J. Coghlan, President and Chief Executive Officer, commented, “We
are very pleased to welcome Dean to our team. Dean brings a wealth of
global experience to us in finance, strategic management and continuous
improvement from premier companies. We believe that Dean will be a
valuable asset to our Company in continuing to grow and expand our
business globally.”

Mr. Coghlan added, “I again want to thank Bill McCartney for his
outstanding contributions to Watts Water over his long and distinguished
career and for the central role he has played in our Company's success.
Bill has been particularly instrumental in the Company's success over
the last 12 years, making substantial contributions on the growth front
through his role in the 36 acquisitions the Company has completed since
1999, on the operating front by his focus on building a strong business
model able to perform in the most challenging business climate, and on
the investor relations front by being our Company's face to the analyst
and investor community. Those of us who have had the privilege of
working with Bill have great respect for his business acumen, his
integrity and his dedication during his 27 years of service to Watts
Water. I wish Bill the very best as he retires.”

Watts Water Technologies, Inc. is a world leader in the manufacture of
innovative products to control the efficiency, safety, and quality of
water within residential, commercial, and institutional applications.
Its expertise in a wide variety of water technologies enables it to be a
comprehensive supplier to the water industry.